Matured ISA

Pullmyfinger46

Hi All , Newbie here.
My 2 year isa is about to mature and rather have it moved into a low interest isa with my current bank can i move it to a higher rate rate isa even though i have opened a additional new ISA this year  
Hope that makes sense ?

refluxer

Yes, you can transfer it to a new cash ISA without it affecting the current tax year's ISA allowance.

In order to do this, you'll need to open the new account and then arrange for the transfer to be carried out by the provider - don't move or withdraw the money yourself. On the transfer form, there should be an option to only make the transfer after the existing ISA has matured - this is essential to avoid any early transfer penalties from the existing provider (do not select the 'transfer immediately and pay any appropriate penalty' option if you're still within the fixed rate period).

badger09

refluxer said:

Yes, you can transfer it to a new cash ISA without it affecting the current tax year's ISA allowance.

As long as you use the new ISA provider’s transfer process. 

Albermarle

Pullmyfinger46 said:

Hi All , Newbie here.
My 2 year isa is about to mature and rather have it moved into a low interest isa with my current bank can i move it to a higher rate rate isa even though i have opened a additional new ISA this year  
Hope that makes sense ?

Suggest you read through the forum as a good way to get up to speed about ISA rules.